Friday, July 18, 2014
mature_corn_ear_mississippi_state_university

AgFax Grain Review: Price Slump Gone Too Far; Fewer Jobs for Detasslers

AgFax.Com - Your Online Ag News Source


Markets/Trade

  • AgriMoney.com reports that Commerzbank has joined a growing number of commentators questioning the current gloom in grain markets and cautioning that the price slump has gone too far. The bank predicts a slight recovery in prices, with corn futures forecast at $4 and soybeans at $11 for the last quarter of 2014.
  • AgriMoney.com also reports that New York based broker Jefferies Bache has announced that historical patterns indicate soybean futures are on track to fall below $10 a bushel for the first time in 4 years. Bache’s predictions based market records since 1979 are for futures to bottom out in a $9.65-9.84 a bushel range, though he says they could fall as low as $9.40.
  • Jeff Wilson reports for Bloomberg that rail delays in North Dakota and across the upper Midwest combined with the projected record soybean crop this season are causing a crunch for storage space, as bins are still nearly full with grain from last year’s harvest that have yet to be shipped out. One grain shipper says that even with additional on-farm storage built over the last few years it’s unlikely they’ll have enough space to store this year’s crop.
  • Gerson Freitas Jr. reports for Bloomberg that Brazil’s top soybean grower has announced it plans to scale back on soybean production after the recent dive in market prices. SLC Agricola, which in 2011 announced plans to double its soybean production area by 2025, has scrapped its expansion plans and declared it intends to instead focus on boosting yields and making production more efficient.

Production

  • KETV Channel 7 ABC News for Omaha, Nebraska, reports that there are fewer jobs for detasslers in Nebraska corn fields this summer due to fewer acres. Seed companies scaled back plantings this spring due to a surplus of seed from last year’s record production while farmers also cut back on corn acreage due to lower corn prices. Additionally, storms heavily damaged a number of fields. One detassling company reported a 40% reduction in the acres it’s hired to work, while many others also reported working fewer acres this season.
  • Jeff Burbrink reports on The Elkhart Truth that Midwestern Extension specialists are warning that conditions this year are favorable for the development of white mold in soybeans. The disease favors cool, wet, cloudy, humid conditions at flowering and can be difficult to manage. Once the disease has been confirmed in a field fungicides can only be used to reduce its spread, as they only work as a preventative for the disease rather than a cure.
  • Mike Staton of Michigan State University reports on AgProfessional.com that many growers continue to favor foliar fertilizer applications in soybeans despite hundreds of university trials across the U.S. showing mixed results. Staton affirms that based on MSU studies, Michigan Extension does not recommend foliar fertilizer applications do to a low probability of beneficial economic impact.
  • Jane Fyksen reports on AgriView.com that once soybean enter flowering, or R1 phase of development, they become more susceptible to yield loss from wheel damage. Growers should try to plan any last sprays for before flowering begins or to limit sprayer traffic as much as possible once flowering starts. Fyksen also notes that the glyphosate label for soybeans is only through R2, or full flower, with any applications in R3 or later being off-label applications.
  • A report from South Dakota State University on AgProfessional.com notes that to obtain best yielding soybeans you need to begin with best management practices. A recent study showed that certified research fields were yielding 20 bushels an acre more than neighboring fields, a clear indication of the importance of management decisions. SDSU then teamed up with local growers to compile a comprehensive guide of best management practices for South Dakota.

Tags: , , , , , , , , , , , , , , , ,


Leave a Reply

Name and Email Address are required fields. Your email will not be published or shared with third parties.

Sunbelt Ag News

    AFB Grain-Soybean Close: Corn, Wheat Higher, Soybeans See Modest Losses11-26

    AFB Cotton Close: Prices Surge Higher11-26

    AFB Rice Close: Jan, March Chart Bullish Key Reversals11-26

    Energy: N. American Oil Companies See Improved Financial Results in 3rd Quarter11-26

    Residential Heating Oil Prices Lower11-26

    Propane Stocks Fall 2M Barrels11-26

    Gasoline Prices Drop 7 Cents11-26

    Diesel Prices Fall 3 Cents11-26

    Texas: Hopkins County Designated Natural Disaster Area11-26

    Kansas: 4 Counties Declared Natural Disaster Areas11-26

    Alabama: 4 Counties Designated as Primary Disaster Areas11-26

    Texas Pecans: Demand Good but Quality Variable11-26

    Louisiana Pecans: Light Deliveries, Good Buying Interest11-26

    Georgia Pecans: Prices Slightly Higher with Strong Trade11-26

    DTN Livestock Midday: Pressure Develops in Cattle Trade11-26

    DTN Grain Midday: Soybeans Slip 5 to 10 Lower11-26

    Farmers Share What They’re Thankful For — DTN11-26

    GMO Crops Have Facts on Their Side, but Debate Goes on — DTN11-26

    DTN Cotton Open: Posts Slight Gains in Quiet Trade11-26

    Wheat: Make One Last Scouting Trip This Fall — DTN11-26

    Farm Income Down 21%; Expenses Up 5.7% – USDA Forecast11-26

    DTN Livestock Open: Futures to Start on Mixed Basis11-26

    DTN Grain Open: Wheat Leads Markets Higher11-26

    Keith Good: Net Farm Income to Drop 21.1% from 2013, ERS Forecasts11-26

    DTN Livestock Close: Feeder Futures Knocked Hard for 2nd Session11-25

    Livestock: 6 Tips to Fight PEDv This Fall11-25

    Doane Cotton Close: Outside Strength Helps Prices Rebound11-25

    AgFax Cotton Review: New Stink Bug App; India Exports Drop11-25

    DTN Cotton Close: Higher on Light Volume11-25

    Tax Breaks: Waiting for 2014 Equipment Deduction, Biofuel – DTN11-25

    DTN Grain Close: Bean Complex Rallies, Grains Follow11-25

    USDA: Weekly National Peanut Prices11-25

    Georgia: 10 Farm Bill Meetings Scheduled for Mid Dec.11-25

    AgFax Rice Review: Iraq Resumes U.S. Purchases; Cambodia Wins Best Rice Award11-25

    Winter Weather Creates More Problems for Railroads — DTN11-25

    Future of Cellulosic Biofuels in U.S. Questioned — DTN11-25

    AgFax Peanut Review: Growers Urged to Plant Earlier; Texoma Sells Drying Facility11-25

    Shurley on Cotton: New Round of Weakness Sets In11-25

    Welch on Wheat: Crop Condition Down Slightly11-24

    Welch on Grain: Snow Keeps 770M Bushels of Corn in Field11-24

    Farmland Partners Buys 7 South Carolina Farms for $28M11-24

    Livestock: Hog and Pork Prices Return to Reality11-24

    Corn: Breaking Down Stalks Takes Thought, Planning — DTN11-24

    DTN Fertilizer Outlook: Winter’s Arrival May Delay Some Buying11-24

    Brazil Soybeans: Dry Conditions Still Cause for Concern11-24

    Flint on Crops: Low Input Farming May be Necessary in 201511-24

    Midwest Corn And Soybean Yields – Our Readers’ Reports – AgFax11-22

    Grain Drying: 6 Questions About Effects Of Sudden Drop In Temps11-21

    Sunbelt Ag Events

     

    About Us

    AgFax.Com covers agricultural trends and production topics, with an emphasis on news about cotton, rice, peanuts, corn, soybeans, wheat and tree crops, including almonds, pecans, walnuts and pistachios.

      

    This site also serves as the on-line presence of electronic crop and pest reports published by AgFax Media LLC (formerly Looking South Communications).

        

    Click here to subscribe to our free reports.

      

    We provide early warnings and confirmations about pests, diseases and other factors that influence yield. Our goal is to quickly provide farmers and crop advisors with information needed to make better and more profitable decisions.

         

    Our free weekly crop and pest advisories include:

    • AgFax Midsouth Cotton, covering cotton production and news in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Missouri.

    • AgFax Southeast Cotton, covering cotton production and news in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

    • AgFax Southwest Cotton (new for 2013!), covering cotton production and news in Texas, Oklahoma, Kansas and New Mexico.

    • AgFax West (formerly MiteFax: SJV Cotton), covering California cotton, alfalfa, tomatoes and other non-permanent crops in California's Central Valley.

    • AgFax Rice covering rice production and news in Arkansas, Louisiana, Mississippi, Missouri and Texas.

    • AgFax Peanuts, covering peanut production in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas and Virginia.

    • AgFax Southern Grain: covering soybeans, corn, milo and small grains in Southern states.

    • AgFax Almonds, covering almonds, pistachios, walnuts and other tree crops in California's Central Valley.

    • AgCom 101, providing guidance to ag professionals involved in social media.

    Our newsletters are sponsored by the following companies: FMC Corporation Chemtura Dow AgroSciences.

          

    Mission statement:

    Make it as easy as possible for our community of readers to find and/or receive needed information.

              

    Contact Information:

    AgFax Media. LLC

    142 Westlake Drive Brandon, MS 39047

    601-992-9488 Office 601-992-3503 Fax

    Owen Taylor Debra L. Ferguson Laurie Courtney

          

    Circulation Questions?

    Contact Laurie Courtney